Posted on 02/23/2009 10:52:29 AM PST by Shellybenoit
You "Gotta" love the free market place. One of Europe's solution to the perceived global warming threat is trying to regulate carbon emissions through Carbon Credits The way it works is the government sets a or cap on the total amount of a pollutant that can be emitted. Companies or other groups are issued emission permits and are required to hold an equivalent number of credits. Companies that need to increase their emission allowance must buy credits from those who pollute less. In effect, the buyer is paying a charge for polluting, while the seller is being rewarded for having reduced emissions by more than was needed. Thus, in theory, those that can easily reduce emissions most cheaply will do so, achieving the pollution reduction at the lowest possible cost to society.
Of course "in theory" only exists in economic textbooks and other fairy tales. It certainly did not anticipate the bad economy and cheaper fuel costs. The carbon trading market has crashed and it is now cheaper than ever to pollute. Guess those socialist European countries forgot how the free market works. But then again since this global warming mess is a hoax, maybe it doesn't matter. I guess its what people mean by a "market correction." more below....
(Excerpt) Read more at yidwithlid.blogspot.com ...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.